EXCHANGE NEWSWIRE, 17 June 2010
HKEx: Nomura NX crossing network will go live in Hong Kong on June 21. Orders must be crossed within HKEx’s best bid and offer and trades must be reported immediately to HKEx.
NYX: Fannie Mae and Freddie Mac will delist their shares from the NYSE because of regulatory issues.
NYX: shares of Washington Post were the first to test newly imposed circuit breakers after thy soared 99% in les than one second yesterday during trading at Arca.
DB1 said that it’s “open in principle” to short-selling regulation and that measures are “urgently” needed to increase transparency in financial markets.
DB1 appointed Stuart Heath as general manager of the London representative office. Stuart is currently executive director and part of the Eurex Product Development team in London.
LSE’s CEO, Xavier Rolet, said after the announcement of the future structure of the FSA: “We believe that the Bank of England is the right place for the macro-prudential regulation of the economy, the regulation of banking institutions and the oversight of balance sheet organizations … We support the formation of a dedicated Consumer Protection and Markets Authority, which we hope will work to re-build trust between consumers and the financial services industry.”
BM&FBOVESPA will change the daily pre-opening period for its GTS electronic trading system from 8:55 am to 9:00 am local time, starting July 1. The exchange will also introduce a pre-opening session for all of its mini contracts.
TSE listed Japan’s first ETFs backed by physical commodities (gold, platinum, silver and palladium) issued by Mitsubishi and set to begin trading on July 2nd.
TOCOM pushed back its night session closing time from 23:00 JST to 4:00 JST beginning September 21st. The rubber market however will continue to trade from 17:00 JST until 19:00 JST.
RTS 2009 net profit increased +20% Y/Y to RUB1.444 bn ($46 mn) and EPS increased +19% Y/Y to RUB683.84. 2009 cash equities trading volume increased 406% to $54.2 bn and derivatives trading volume increased +98% to 474.4 mn contracts.
Istanbul Stock Exchange appointed Mustafa Baltaci as Executive Vice Chairman, responsible for Media and Public Relations, International Relations, and Marketing Departments. Mr. Baltaci was previously Head of the Turkish Prime Ministry Regulatory Reform Group between 2006 and 2009 and advisor of the Deputy Prime Minister in 2008 and 2009.
GETCO appointed John Fildes as director of strategic development for Asia. Fildes is a former Instinet CEO in Asia.
TradeStation acquired the Grail System “walk-forward” and “strategy builder” software technology and business from Technovest for an undisclosed amount.
TradeStation new accounts opened by current clients by June 30 will trade for free for 60 days.
SEC approved a new set of rules for target date funds which mandate the inclusion of the asset allocations in the funds’ names, the visualization of the glidepath and asset allocation at landing point. Comments will be received over the next 60 days.
US Senator Richard Durbin said that legislators “are working on an amendment” that will exempt pre-paid cards used by governments to distribute benefits from legislation that would allow the Federal Reserve to limit debit-card interchange rates.
The CFTC and the FERC will hold a joint meeting on June 22 to explore clearing and risk-management issues in the wholesale electricity market. It will focus on risk management of independent electric wholesale operators (RTOs) and independent system operators (ISOs), both under FERC jurisdiction, and proposes using inter-ISO clearing to reduce risks.
FIA formed the Principal Traders Group (PTG), a lobby group to support high-frequency trading firms. The 24 member group will be chaired by Don Wilson and backed by former SEC Chief Economist James Overdahl.
FSA CEO Hector Sants will extend his tenure with the regulator to lead transition of its powers to the Bank of England, expected to be completed by 2012.
Brazil’s central bank President, Henrique Meirelles, said that Brazil’s credit card market needs more competition.
CFTC and the Alberta Securities Commission (ASC) signed a new MOU to enhance cooperation and information exchange relating to the supervision of cross-border clearing organizations.
The International Securities Exchange elected two new members to its Board of Directors, Joseph Sellitto, CEO of Global Execution Brokers, and Christianna Wood, Chairperson and member of the Board of Directors for the International Corporate Governance Network.
Provided By: Equity Research Desk, www.erdesk.com